Smyrna residents could see big jump in property taxes
SMYRNA, TN (WSMV) -
Nobody likes to pay more taxes, but residents in Smyrna are on the verge of paying nearly 50 percent more.
Next week, the Smyrna Town Council will consider raising property taxes by 46 percent.
They have already unanimously approved the hike on first reading, and city officials say the increase is needed to avoid depleting reserves or cutting additional jobs.
The council dipped into reserves and eliminated more than 30 jobs just to balance this year's budget.
If approved, city property taxes will go up 35 cents per $100 of assessed value, and, what's more, the county property taxes also may go up by a little more than 4 percent.
Betty Reed moved to Smyrna from New Jersey to escape high taxes there, and she said she is now trying to figure out how she is going to pay for the potential increase.
"It's barely enough to make ends meet, and now they are raising the property taxes. I don't know what I'm going to do," said Smyrna resident Betty Reed. "I'm going to have to beg for overtime or either try to get my husband to get a part-time job or get cable turned off or something."
If the Smyrna tax propasal is approved, the owner of a $100,000 home can expect their local tax bill to increase from $189.88 to $277.38.
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